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Allowable Expense : Tax

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(Querist)
07 February 2011 Whether VAT, Service Tax or Excise paid is allowed to be claimed as an expense?
If yes, then on receipt basis or accrual basis?
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Hitender Gaur

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Hitender Gaur (Expert)
08 February 2011 You can claim VAT,ST and Excise (Tax and Duties) as an expense. It is on accrual Basis.

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